Concord Enviro Systems subscription started on Thursday, December 19, 2024, and will close on December 23, 2024, as per the schedule. The price band is set at ₹665 to ₹701 per share with a face value of ₹5.
Concord Enviro Systems IPO Subscription Status
Concord Enviro Systems IPO Subscribed over 0.6x on its first day till 5.00 PM on 19th December.
- Concord Enviro Systems IPO subscription QIB investors portion is 0 times, while NII subscribed 0.35 times and RII investors subscribed 1.03 times.
- The company has received bids for 30,12,366 shares against 50,15,356 shares on offer on the first day of subscription.
- Concord Enviro Systems IPO Subscribed over 0.6x on its first day.
About Concord Enviro Systems Company
Concord Enviro Systems Limited was incorporated in July 1999 and engaged in the business of water provider and wastewater reuse with the advanced technology zero-liquid discharge (ZLD). Due to giving more importance to customer satisfaction and building strong and long relationships, now they have around 353 domestic and 24 international customers, including various industries such as pharmaceuticals, chemicals, food and beverage, defense and energy, automotive and auto ancillaries, steel, and textiles.
Additionally, the company has a broad global reach, exporting to regions including North America, Latin America, Africa, the Middle East, and Southeast Asia. It is noticeable that the company’s revenue has increased from 2022 to 2024, raising INR 329.37 crores to INR 496.86 crores, and the net income of 2024 is also satisfactory at INR 41.44 crores. Further, this company works in two countries with two manufacturing facilities, one in Vasai, Maharashtra, India, and the other in Sharjah, UAE.
Concord Enviro Systems Financial Report
The company reported revenue of ₹512.27 crores in 2024 against ₹350.50 crore in 2023. The company reported a profit of ₹41.44 crores in 2024 against a profit of ₹5.49 crores in 2023.
Concord Enviro Systems IPO GMP:
Concord Enviro Systems IPO GMP was ₹0 as of Thursday, December 19th. That indicates the IPO is trading at ₹701 with ₹0 premium in the grey market against the issue price of ₹701.
